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The Department of Justice has filed an antitrust lawsuit against Visa, alleging that the financial services firm has an illegal monopoly over debit network markets and has attempted to unlawfully crush competitors, including fintech companies like PayPal and Square. The lawsuit, which was first rumored by Bloomberg, follows a multiyear investigation of Visa, which the company disclosed in 2021, The
Both Visa and Mastercard announced that they were suspending their operations in Russia. They each made their own statements. Bloomberg reported that each company gets about 4% of its net revenue from business linked to Russia. Visa posted a statement on its website titled: “Visa Suspends All Russia Operations”. Here is Visa’s statement: Visa today announced it is suspending its
Rovio, the popular game-maker based in Finland, has produced some of the most popular mobile titles, including record-setting releases like the recent Bad Piggies, which shot to the number one position on the download charts at breakneck speed. As if the mobile and PC games, as well as the merchandising available in retail stores across the U.S., weren't enough, the company has
Andy chats to Matt from PaySaber at CES's Showstoppers about their iPhone-based point-of-sale (POS) solutions. The PaySaber is a portable handheld POS terminal sled that incorporates a barcode reader, card swipe and thermal printer into the unit. An iPhone or iPod Touch slots into the PaySaber to provide the screen and the wireless communication for the transaction. The flexibility provided by
Your going to love this one, I get on the Soap Box and stay there for a good bit in the show today. Fools and their wasted money is the theme. Plus I place a wager on a specific companies new initiatives failing. I also want to welcome our newest insider, thank you for supporting the show it is greatly